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Stocks in play: Apollo Healthcare Corp.

·1 min read

And Anjac SAS have entered into a definitive arrangement agreement in which Anjac has agreed to acquire all of the issued and outstanding Class B shares of Apollo other than certain Apollo Shares held by members of management by way of a statutory plan of arrangement under the Business Corporations Act (Ontario). Under the terms of the Arrangement Agreement, holders of Apollo Shares will receive $4.50 in cash for each Apollo Share held, which implies an aggregate equity value for Apollo (including the Rollover Shares), of approximately $327 million, on a fully-diluted, in-the-money, treasury method basis. Apollo Healthcare Corp. shares T.AHC are trading up $2.50 at $4.25.

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